Sukanto Tanoto has never been one to rest on his laurels. The self-made man, who struck it out on his own following the death of his father when he was seventeen, is a bona fide success story. Starting out in the spare parts industry, the eagle-eyed opportunist jumped into the plywood manufacturing industry during Indonesia’s shift into value-added processing. He hasn’t looked back since, and today he is chairman of RGE, which manages companies such as APRIL, Sateri, Pacific Oil and Gas. Unsurprisingly, he has been dubbed the ‘Resource King’ by GlobeAsia –Sukanto Tanoto’s companies are all major players within pulp and paper, palm oil, viscose rayon, and LNG industries.
Changing with the times, but not our values
With the world moving towards consuming more renewable sources of energy, Sukanto Tanoto’s newest venture capitalises upon this expected demand. Woodfibre LNG, subsidiary of Pacific Oil and Gas, recently entered a partnership with China-based Guangzhou Gas Group to build a 2 million tonne per year LNG terminal by 2020.
Growing in Canada, with the community
The Guangzhou company first agreed in 2016 to buy 1 million tonnes of LNG annually for 25 years from Woodfibre LNG’s facility –expected to be complete by 2020 – in Squamish, British Columbia, Canada. The Woodfibre project, considered an underdog amongst the other bids for the project in Canada, has received significant support from both the government and people, and it is easy to understand why.
Sukanto Tanoto’s strong commitment to the community is distilled into his 4Cs philosophy: creating good for the Community, Country, Climate, and Company. It is a philosophy that has ensured all his companies act in the same manner, to always consider the welfare of the community first. Not only does the Woodfibre LNG Project ensure the sustainable production of quality, renewable energy, the project is expected to provide a substantial boost to the local job market. Almost 1,800 jobs are expected to be created during the construction process, with a further 450 jobs for when operations begin. These jobs, Woodfibre LNG have promised, will be filled locally as far as possible –a testament to the company’s commitment to leaving any community it interacts with better than before their arrival.